Get Approved at The Lowest Rate
Navigating the process of buying a new home in Waco, TX while selling your current one can be challenging. Horizon Lending Services' Bridge Loan program provides an ideal solution for a smooth transition, especially in today's competitive market where contingency offers are frequently not accepted.
Start by listing your current home for sale in Waco, TX or getting it ready for the market.
Identify the new home you want to buy in Waco, TX, make an offer, and reach an agreement with the seller. You can then proceed with the purchase using our bridge loan.
Our bridge loan program in Waco, TX often does not require a down payment, freeing you from the need to come up with additional funds.
After your current home sells, we use the profits in Waco, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Waco, TX. You can choose to roll in all closing costs during this process, potentially requiring no money at the closing table.
Many of our bridge loans in Waco, TX do not require a down payment, making it easier for you to transition to your new home.
You don’t need to qualify for both mortgage payments simultaneously.
Bridge loan payments in Waco, TX may be deferred, meaning no payments are due while you are using the bridge loan.
You can pay off the bridge loan early without any penalties.
Our bridge loan in Waco, TX provides the financial flexibility and convenience you need to buy a new home without waiting for your current home to sell, avoiding the hassle of managing two mortgages or making contingent offers. We handle the details, ensuring a seamless transition from your bridge loan in Waco, TX to permanent mortgage financing, making the process as smooth as possible for you.
Ready to make your move? Contact us today to get started!
Bridge loans in Waco, Texas offer a convenient financing solution for homebuyers who need to bridge the gap between the purchase of a new home and the sale of their existing property. This loan allows them to secure funds quickly and proceed with a new purchase without having to wait for their current home to sell. Waco, Texas, with a population of approximately 140,000, boasts a diverse community with a mix of young professionals, families, and retirees. The city's median household income is around $41,000, and the cost of living is relatively affordable compared to larger metropolitan areas. The housing market in Waco is thriving, with a median home value of around $150,000. The market offers a variety of housing options, from historic homes to modern developments, catering to different preferences and budgets. Bridge loans provide buyers with the flexibility to capitalize on these opportunities. Waco is famous for its attractions, including the iconic Magnolia Market at the Silos, the Dr. Pepper Museum, and the historic Waco Suspension Bridge. The vibrant cultural scene, diverse dining options, and outdoor recreational activities make Waco an attractive place to live and visit.
Benefits of Bridge Loans in Waco, Texas
